Means for encouraging and facilitating the accumulation of savings.



mm pdwlw 0.1". HESS; MEANS FOR ENCOURAGING AND FACILITATING THEAOOUMULATION 0P SAVINGS.

v APPLICATION FILED APR. 14. 1908.

933,754. Patented Sept. 14, 1909.

DIME DEPOSIT AND DlfifiOUNT 3mm OF SCRANTON, PENNA. WILL cnznn om:DOLLAR NAME { ADDREss wit M326 UNITED sTArns PATENT ormon.

CHARLES F. HESS, OF SCRANTON, PENNSYLVANIA, ASSIGNOR TO THE BANKSPECIALTY MANUFACTURING COMPANY, OF SCRANTON, PENNSYLVANIA, ACORPORATION OF PENNSYLVANIA.

MEANS FOR ENCOURAGING AND FACILITATING THE ACCUMU'LATIOIPI 0F SAVINGS.

, Specification of Letters Patent.

Patented Sept. 14, 1909.

Application filed April 14, 1908. Serial No. 427,072.

To all whom it mayconcem:

Be it known that I, CHARLES F. Hess, a citizen of the United States,residing at Scranton, inthe county of Lackawanna and State' ofPennsylvania, have invented certain new and useful Improvements in Meansfor Encouraging and Facilitating the Accumulation of Savings; and I dohereby declare the following to be a full, clear, and exact descriptionof the same, reference being had to the accon'ipanying drawings, forminga part of this specification, and to the letters of reference markedthereon.

The present invention relates to a means for extending the field ofoperations of sav ings bank institutions by providing a con venient andsafe means whereby credit for fractional amounts may be secured withoutrequiring the depositor to visit the bank with each fractional amountset aside for deposit. I

The "objects of the invention are not only to reduce the labor andexpense of the banking institution, but to facilitate and encourage theaccumulation of savings by small increments and to remove all temptationto spend small coins or amounts of cash when in the possession of thedepositor, thereby enabling a depositor to accumulate a sufficientamount to be accepted by the bank for credit on its books.

In the practical operation of a system in which the subject matter ofthe present application is made use of, the banking institution locatesat places convenient for the depositors, coin deposit receptacles whichwill automatically, or through manipulation by the depositor, deliveracoupon or insignia for the fractional sum deposited in the receptacle.This coupon or insignia is meaningless and of no value separately, butwhen pasted or secured upon a card or book issued by the bankinginstitution to and properly identifying the depositor,'it indicates withthe data on the card or book, the amount which will be credited to theaccount of the depositor when the book'and attached coupons arepresented to the bank bythe depositor to whom the card or book wasissued.

In the accompanying drawings: Figure 1 is a view of a strip-of couponssuch as are adapted to bedelivered singly from a receptacle or depositreceiver upon the deposit therein of coins of predetermined'value, the

is preferred that the coupons should be delivered from a holder whichwill preserve the coupon strip compactly folded and in such conditionthat strips may be secured together, one after another to avoid anybreak in the continuity of the strips or any break in the consecutivearrangement of the coupons.

The coupons of strips, each coupon being connected with the adjacentcoupons along severing and folding-lines a usually notched or otherwiseweakened to facilitate severance and folding. Each coupon is formed witha central opening A, preferably elongated or of oval shape, and all ofthe openings are adapted to register when the strip is folded back andforth as shown in Fig. 1, whereby the folded strip may be filed on aholder consisting of a standard or filing wire B. The strip 'will openout freely as it is drawn off the holder, and the coupons must bedetached in successive order, but at the same time the compact foldedbody of the strip maybe removed from the holder and its final couponsecured to the first coupon of a new strip,

and the whole returned to the holder, ready for detachment of thecoupons in successiorr The card or book D, which is furnished to thedepositor by thebank, has at some suitable point a space for the nameand address, or other proper identification of the depositor, and inaddition it is provided with marked spaces 03 for the reception of thecoupons. As a convenient means for se curing the coupons in place linesof adhesive or gum d are provided on the card or book; thus by'wettingthe back of the coupons and pressing them against the adhesive theywillbe securely attached. I

- The coupons are consecutively numbered and each bears upon its face aportion only A are prepared in the form being just above and inproximity to the of a value indication, the remaining portion of thevalue indication being on the card or book, thus the coupon and bookmust be brought together in proper relation in order to indicate t-hevalue or amount which the bank will credit to the account of thedepositor.

As shown, each coupon bears upon its face at C the Words Good for onesuch words central openin and in each space on the card intended for thereception of the 'cou pons is the word Dime when the coupons are mountedon the card the word dime is displayed through the central 0 ening andin connection with the artial value indication on the coupon in lcatesthe value of each coupon when afiixed to the card and presented to thebank by the properly identified depositor.

Obviously, instead of employing automatic coupon and coin deposit boxes,persons detailed by the bank for the purpose, may detach the couponsfrom the folded strips and deliver the same to depositors in exchangeforcash, the coupons and card or book thus becoming the evidence of thedeposit of fractional amounts with the subagents of the bankinginstitution: An illustration of this use of the invention would be whena school teacher is authorized to take fractional deposits from thescholars and to give coupons in exchange therefor, but in the practicalworking of the systems it is preferred to relieve individuals of theresponsibility, 1

and to deliver the coupons from a suitable automatic deposit and coupondelivering apparatus.

Having thus described my invention, what I claim as new and desire tosecure by Leti;

ity to the aperture, said aperture being of. such shape as to expose theindication on the book when the coupon is pasted in the book and theindications on the coupon and book when the two are brought togetherforming a complete value indication.

2. A connected strip of separable coupons, each coupon being providedwith an elongated aperture located centrally of the coupon, the stripbeing" folded back and forth on the lines between the coupons to form acompact pile with the elongated apertures registering with each other,said coupons being consecutively numbered and having indications printedthereon in proximity to the apertures each indication being a duplicateof the others and each being part of a value indication.

CHARLES F. HESS. Witnesses:

K. H. BECK, STANLEY S. HILLS.

